Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider $4 to get this newsletter in your inbox every Sunday.
Hello!
The financial-services industry is changing at a rapid clip, with $4, as Dan DeFrancesco and Shannen Balogh reported this week.
For example:
Robinhood, which has seen massive growth as market volatility continues, is now $4 after its most recent funding round in May. Meanwhile, other personal
With that in mind, Dan and Shannen polled 27 investors to discover the fintechs that are on the cusp of breaking out. While investors could pitch companies both inside and out of their portfolio, the caveat was that none could have surpassed a Series B raise.
The response was impressive, with 60 fintechs nominated. Overall, investors seem more bullish on the future of startups catering to businesses, not consumers, as more than 63% of the selections were B2B.
You can read both lists here:
Speaking of
The investors also shared some tips on how to snag a role in their competitive field. You can read both stories here:
Trump 's most important 2016 donor is sitting out 2020
Dave Levinthal reports:
Hedge fund billionaire Robert Mercer and his daughter Rebekah ranked among President Donald Trump's most influential backers in 2016. But they've all but abandoned the embattled president and aren't likely to help him in the home stretch for 2020, five people who know the media-averse Mercers tell Insider.
"They're 100, 100, 100% out," an associate of Rebekah Mercer said.
You can read that story in full here:
In other politics news:
- Tom LoBianco had $4 on Jared Kushner's call to the $4.
- Dave reported that Republican Party officials $4.
- And Elvina Nawaguna reported that $4. But the coronavirus pandemic might $4.
The transformation of the real estate business
We've written at length in recent months about $4 as the coronavirus pandemic forces employers to rethink their needs and landlords to reimagine their model. This week:
- Dan Geiger reported that $4. He took a look at $4.
- Alex Nicoll and Rebecca Ungarino reported that $4, while Citi $4. They took a look at $4.
- Reed Alexander reported that while Wall Street is starting to return to the office, not everyone is heading back. He took a look at $4.
In related news, the rapid shift to ecommerce that's been accelerated by COVID 19 is putting severe pressure on malls and placing fresh emphasis on warehouse space.
- Dan reported that Neiman Marcus' shocking exit from glitzy Hudson Yards $4. The departure could unravel $4.
- Meanwhile, the $4, per Dan and Alex. Investors $4.
- And logistics startup Bond has teamed up with SoftBank-backed REEF Technology to $4. Alex reported on how $4.
Separately, I want to highlight a couple of things before I go:
- We're seeking nominations for the 2020 edition of our annual list of Rising Stars of Wall Street. $4.
- We're speaking with YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes. $4.
Below are headlines on some of the stories you might have missed from the past week.
— Matt